CA - Epsilon Energy: Green Shoots Ahead As Price Of Nat Gas Heads Northward (Technical Analysis)

2024-05-14 12:43:17 ET

Summary

• Epsilon Energy's stock has gained approximately 2% since June 2023 and almost 7% since December 2023.
• Technical analysis suggests that Epsilon's shares will continue to trade higher, with limited downside risk.
• Epsilon's asset count continues to grow, and the company's successful business model has resulted in strong insider buying.

Intro

We wrote about Epsilon Energy Ltd. ( EPSN ) on multiple occasions in 2023 when we maintained a 'Hold' rating on the stock. Despite our conservative stance at the time, we also acknowledged in our commentary that the sustained increase in the company's asset base was likely to bear fruit once trading conditions aligned for the company....

For further details see: